Active
1627 N Poinsettia Place
Los Angeles CA, 90046
$5,495,000
$370.86 per sqft
Active
22 Beds
24 Baths
14,817 sqft
Residential
Built in 1965
Listed by Errol Spiro with Miller & Desatnik Realty Co. 310-202-9166
1627 N Poinsettia Place is a 20 unit multi-family property located in a prime Hollywood location. This three story apartment building was originally constructed in 1965 and falls under LA City rent control. The Poinsettia Place Residences are a large apartment building of approximately 14,817 Sq. Ft. The property has an excellent unit mix of (2) Studio (4) 2 BR + 2 Bath & (14) 1 BR + 1 Bath units. The rents are below market, creating a quintessential value-add opportunity. The property has recently received some significant renovations including a new master water heater. One of the 2 BR units is a spacious well renovated unit that is already receiving $3,548 a month in rent. The manager's unit which is a studio unit will be delivered vacant at the close of escrow. Two other 1 BR + 1 Bath units will also be delivered vacant. The building has gated subterranean parking. 1627 N Poinsettia provides an astute multi-family investor the opportunity to purchase a value-add multi-family asset in one the most highly sough after rental locations in all of Los Angeles.
24362583
MLSⓇ ID
February 26, 2024
Listed
March 28, 2024
Updated
Map
1627 N Poinsettia Place
Los Angeles CA, 90046
Interior Features
Total Stories
3
Bedrooms
22
Total Bathrooms
24
Appliances
Dishwasher, Refrigerator
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.19 Acres
Other Property Details
Area Name
C20 - Hollywood
Days on Market
8
Garage
No
Parking
Underground, Gated
Parking Total
22
View
No
View Description
None
County
Los Angeles
Pool
No
Zoning
LAR3
Buyer Agency Compensation
2%
Listing Contact: 310-202-9166
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/28/2024 at 3:18 PM UTC